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Sep 3, 2010
09/10
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on the newshour tonight, christina romer, the outgoing head of the president's council of economic advisors, reacts to today's numbers, and we ask her about the administration's approach to the economy. >> lehrer: paul solman examines the rising number of burned out employees in the country who are doing more for less. >> we're working more but we're not seeing any rewards for that. it's very frustrating. >> woodruff: then, margaret warner in baghdad reports on iraqis' daily frustrations with an essential element of modern life-- electricity. >> lehrer: mark shields and david brooks give their analysis of the week's news. >> woodruff: and tom bearden, in morgan city, louisiana, looks at how even the b.p. oil spill couldn't stop the 75th annual shrimp and petroleum festival. despite a lot of concerns about the future, this town is ready to party. >> lehrer: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broad
on the newshour tonight, christina romer, the outgoing head of the president's council of economic advisors, reacts to today's numbers, and we ask her about the administration's approach to the economy. >> lehrer: paul solman examines the rising number of burned out employees in the country who are doing more for less. >> we're working more but we're not seeing any rewards for that. it's very frustrating. >> woodruff: then, margaret warner in baghdad reports on iraqis' daily...
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Sep 25, 2010
09/10
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romer and larry summers. do we have any sense of what we -- what remains unresolved in terms of policy changes, economic policy changes that are going to be facing, decisions that are going to have to be made now? >> they've been balancing from nearly the start of this administration. after they got out the big stimulus package, and the first 28 days of the administration, over time, and because things worked so slowly, that people still to this day think it was a failure, that the public has increasingly not wanted to support a lot of it. and with republicans voting in block anything that's additional stimulus. in the administration you had debates over thousand balance this, whether the economy -- over how to balance this, whether the economy needs stimulus, how much, and the need to look like in the medium term and down the line, you are aware that you have to start bringing down deficits. >> how would you rank or rate the administration on its economic policy? can you give it a rating this soon? or is it
romer and larry summers. do we have any sense of what we -- what remains unresolved in terms of policy changes, economic policy changes that are going to be facing, decisions that are going to have to be made now? >> they've been balancing from nearly the start of this administration. after they got out the big stimulus package, and the first 28 days of the administration, over time, and because things worked so slowly, that people still to this day think it was a failure, that the public...
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Sep 22, 2010
09/10
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his original chief economic advisor as mentioned, christina romer left after a rocky tenure, among other things she claimed that passing the stimulus spinfest would host jobless rate at 8%. the economic research, official judge of such matters now says the recession has been over since june of last year. if that's true, it means the recession ended before the stimulus could even take effect. political terms, though, the recession is not over. and will not be until the unemployment rate starts coming down and rapidly. which means the stimulus has failed twice. it didn't end the recession. it didn't bring the jobless rate down either. yet, it remains the centerpiece of the obama economic program, which brings us back to the rest of the top economic advisors, treasury secretary geithner and departing national economic council head larry summers. the president says they've done "outstanding job." sub boardnance is a well -- sub boa -- [ inaudible ] >> bret: how big do you think the shake-up could be? >> three or four economic players will be replaced. how different the views of the incoming
his original chief economic advisor as mentioned, christina romer left after a rocky tenure, among other things she claimed that passing the stimulus spinfest would host jobless rate at 8%. the economic research, official judge of such matters now says the recession has been over since june of last year. if that's true, it means the recession ended before the stimulus could even take effect. political terms, though, the recession is not over. and will not be until the unemployment rate starts...
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Sep 10, 2010
09/10
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romer, who left the administration last week to return to teaching. >> and, finally, a disappointed romanian lawmaker, who drafted a proposal to tax witches and fortune tellers, claims lawmakers were frightened into rejecting the tax because they were afraid of being cursed. you don't hear that every day. >>> well, tom brady takes a hit, home run leaders add to their totals, and a rare steal of home. >>> plus, the saints come marching into the new nfl season with a win over the vikings. your early morning sports headlines are straight ahead. >>> and we're watching some rain for the weekend. your regional forecast is coming up. you're watching "early today." for those of us who have lactose intolerance, let's raise a glass to cookies just out of the oven. to the morning bowl of cereal. and to lactaid® milk. easy to digest and with all the calcium and vitamin d of regular milk. [ female announcer ] lactaid®. the original lactose-free milk. host: could switching to geico realis a bird in the handre on and vworth 2 in the bush?milk. appraiser: well you rarely see them in this good of
romer, who left the administration last week to return to teaching. >> and, finally, a disappointed romanian lawmaker, who drafted a proposal to tax witches and fortune tellers, claims lawmakers were frightened into rejecting the tax because they were afraid of being cursed. you don't hear that every day. >>> well, tom brady takes a hit, home run leaders add to their totals, and a rare steal of home. >>> plus, the saints come marching into the new nfl season with a win...
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Sep 11, 2010
09/10
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he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, versus the policies that will get us back into a mess, then i think democrats will do very well. >> reporter: business groups say administration policies are adding to the economic mess. u.s. chamber of commerce chief economist martin regalia points to health care, financial regulation, and tax policy-- areas where he says the obama administration is increasing cost and
he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the...
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Sep 27, 2010
09/10
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other members of the team peter orszag and christina romer are already gone. the senior adviser david axelrod will head home to chicago by spring. bill clinton changed chiefs of staff four times at different crisis points in his presidency. president george w. bush dumped donald rumsfeld from the pentagon after 2006 elections. all presidents have crisis points. president obama is in one leading up to the november elections, so the new team he builds will say a lot about the direction he wants to go in next year. bill plante, cbs news, the white house. >>> this morning on "the early show" a preview of the hottest toys for the holiday season. it's amazing we are already talking about the holiday season. i'm terrell brown. this is the "cbs morning news." [ male announcer ] the new subway flatbread breakfast sandwiches! like the new double bacon & cheese omelet sandwich! they're all new. toasty, tasty, and made to your order. so come and build your better breakfast today, at subway! no pills, no pain. how can you get pain relief without taking pills around the clo
other members of the team peter orszag and christina romer are already gone. the senior adviser david axelrod will head home to chicago by spring. bill clinton changed chiefs of staff four times at different crisis points in his presidency. president george w. bush dumped donald rumsfeld from the pentagon after 2006 elections. all presidents have crisis points. president obama is in one leading up to the november elections, so the new team he builds will say a lot about the direction he wants...
WHUT (Howard University Television)
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Sep 22, 2010
09/10
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WHUT
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christina romer went earlier this month. the highest profile remaining member of the team is treasury secretary geithner. some are asking if he will be the fall guy. >> joining me now is our economics editor. why do you think larry summers is gone? >> many people thought he would go by the end of this year. if he did not, he would have to reapply for his place as a professor at harvard. there's the much desired tenure at harvard. it seems clear that he did ask the president if he could leave one year ago. he did originally planned to stay one year. he was persuaded to stay one more year. >> was he being listened to in the white house? there was this debate over policy. sometimes he felt left out. >> he's a man of very strong opinions. if he is up against a lot of people, sometimes he will lose arguments. i'm sure he would have expected to have lost some battles. he was a driving intellectual force. people knew they have to take him on in getting their views through to the president. he was quite a key figure. there are now q
christina romer went earlier this month. the highest profile remaining member of the team is treasury secretary geithner. some are asking if he will be the fall guy. >> joining me now is our economics editor. why do you think larry summers is gone? >> many people thought he would go by the end of this year. if he did not, he would have to reapply for his place as a professor at harvard. there's the much desired tenure at harvard. it seems clear that he did ask the president if he...
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Sep 22, 2010
09/10
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peter orszag, christina romer, now larry summers have all gone. white house officials tell me summers' position will not be filled until after the election, but this is not the only change in the white house. very possible maybe even likely that rahm emanuel, the chief of staff, will run for mayor of chicago. there is likely to be changes in the communications and political team as the re-election approaches so, i would expect a significant reorganization, after the election. now, that is not all that uncommon. >> but not easy to do. >> reporter: not easy to do at all, absolutely. >> let's talk about former president clinton's advice to president obama, is he going to take it? >> reporter: i think he may. first of all, white house aides say the president has already taken a piece of that advice. to go out on the campaign trail and really talk about the choice between republican and democratic policies. now, it is true that the president clinton and the first lady are more popular than the president, but what white house aides say president obama i
peter orszag, christina romer, now larry summers have all gone. white house officials tell me summers' position will not be filled until after the election, but this is not the only change in the white house. very possible maybe even likely that rahm emanuel, the chief of staff, will run for mayor of chicago. there is likely to be changes in the communications and political team as the re-election approaches so, i would expect a significant reorganization, after the election. now, that is not...
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Sep 22, 2010
09/10
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this comes after the departure of former budget director peter orszag and of christina romer, the former chair of economic advisers. now only tim geithner remains in place from that original core. meanwhile, it's the administration looking for ways to jump-start the economy and a new reuters poll shows 68% of americans believes lowering taxes will create jobs in the country and 68% say reducing the deficit will help. >>> president obama heads to new york this afternoon to speak at a development summit at the united nations. tomorrow he'll speak to the general assembly where administration officials say he'll walk a fine line on iran in a broad-based foreign policy speech. yesterday, iranian president mahmoud ahmadinejad warned an attack on his country's nuclear facilities would spark a war that would "know no limits" and also weighed in on capitalism saying it's on the verge of death and that it's time for a new economic system and he is just getting going. he speaks at the general assembly tomorrow. >>> eight city officials of the blue collar suburb of bell, california, are scheduled to
this comes after the departure of former budget director peter orszag and of christina romer, the former chair of economic advisers. now only tim geithner remains in place from that original core. meanwhile, it's the administration looking for ways to jump-start the economy and a new reuters poll shows 68% of americans believes lowering taxes will create jobs in the country and 68% say reducing the deficit will help. >>> president obama heads to new york this afternoon to speak at a...
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Sep 24, 2010
09/10
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. >> reporter: then is peter orszag, economic advisor christina romer before that and others. >> they're bailing because it's going badly. >> reporter: in the midst of that, the president has to finds economic advisor and with the economy struggling for air, many want him to choose someone from the business community. >> he probably needs somebody in the white house with credibility with the business community to influence policies as well. >> the congress is clamoring for people with experience. real-life experience is key to this president, i believe, understanding the way things really are. >> possible replacements include richard parsons, former ceo of time warner and chairman of citigroup and former xerox ceo. but would new advisors make any difference in policy? >> at the end of the day, are the changes going to cause the president to move to the center or to stay where he is on the more liberal wing of the democratic party? >> reporter: when bill clinton faced republican congress he pivoted and said the era of big government is over. even if republicans win the house, president ob
. >> reporter: then is peter orszag, economic advisor christina romer before that and others. >> they're bailing because it's going badly. >> reporter: in the midst of that, the president has to finds economic advisor and with the economy struggling for air, many want him to choose someone from the business community. >> he probably needs somebody in the white house with credibility with the business community to influence policies as well. >> the congress is...
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Sep 30, 2010
09/10
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they lost christina romer, but i don't thing they are looking at those qualities to the exclusion of all others. it's something that is perhaps a plus factor, make somebody particularly attractive. i don't get the feeling it's -- without that person -- they have to have the qualities and it's a deal breaker. we'll see what they do there. >> one other point is the senate adjourned without confirming the budget director. he is coming over from the state department, a big loss for hillary clinton to lose him. now they've got to start the new budget cycle, don't have a budget director. he does not want a recess appointment i'm told. does not want to leave a confirmed position for a shorter term as budget director. but it's a huge job. a big policy position unfilled. >> reporter: right, and because senator mary landrieu, a democrat, put a hold on this nomination because she's upset about the continued moratorium on deep water offshore drilling off the gulf, she says it's bad for business and hurting the economy in the gulf. that's the issue there. whether they can somehow come to a resolu
they lost christina romer, but i don't thing they are looking at those qualities to the exclusion of all others. it's something that is perhaps a plus factor, make somebody particularly attractive. i don't get the feeling it's -- without that person -- they have to have the qualities and it's a deal breaker. we'll see what they do there. >> one other point is the senate adjourned without confirming the budget director. he is coming over from the state department, a big loss for hillary...
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Sep 22, 2010
09/10
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romer both stepped down, that leaves just treasury secretary tim geithner. will the shakeup of this economic team lead to turmoil or is it an opportunity. i'm joined by john harwood and political writer for "the new york times." so, here we are, john, unemployment at 9.6% and voters look at the polls or go to your town hall and voters deeply unhappy with what's happening. summers was the chief arct tect of the stimulus plan and was this an opportunity for the president or is this turmoil? >> well, i think it's an opportunity for the president, chris, not necessarily to change course because i don't think that's his intention. i think he remain s insinth wit larry summers and it gives him an opportunity to have a new face on his economic team and perhaps to address some of the criticism that he doesn't have people with real world business experience. you could potentially have a former ceo come in and do that job. you can also go with an economist which is conventional thing to do or even with the policy person. this is really a blank slate there for the pres
romer both stepped down, that leaves just treasury secretary tim geithner. will the shakeup of this economic team lead to turmoil or is it an opportunity. i'm joined by john harwood and political writer for "the new york times." so, here we are, john, unemployment at 9.6% and voters look at the polls or go to your town hall and voters deeply unhappy with what's happening. summers was the chief arct tect of the stimulus plan and was this an opportunity for the president or is this...
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Sep 9, 2010
09/10
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christina romer, as you pointed out, who heads up his-- is the chairman of his council of economic advisors, have bog, isly said raising taxes at this point isn't helpful. and where i disagree with the president is the notion of somehow not extending the '01, and '03 tax cuts for everybody along the line. the president is basically saying, we're going to do the class envy play. and i say, ultimately, you know, you look at 94% of small businesses that file under the individual tax rate, this is going to have an adverse impact on them. i just don't think the president's approach so far has created environment where companies want to get in and invest. and i think he would be well served and we all would be well served if he changed his position and said we're going to extend those and make those more predictable for everybody. >> ifill: what peter orzag said is they should be extended for two years and then ended? >> that's right. >> ifill: the president has also proposed kind of a-- they're not using the word "stimulus" but additional spend, tax credits for business. that doesn't balance thi
christina romer, as you pointed out, who heads up his-- is the chairman of his council of economic advisors, have bog, isly said raising taxes at this point isn't helpful. and where i disagree with the president is the notion of somehow not extending the '01, and '03 tax cuts for everybody along the line. the president is basically saying, we're going to do the class envy play. and i say, ultimately, you know, you look at 94% of small businesses that file under the individual tax rate, this is...
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Sep 21, 2010
09/10
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." >> sreenivasan: earlier this month, christina romer stepped down as head of the president's council of economic advisers. on wall street today, the dow jones industrial average gained more than seven points to close at 10,761. the nasdaq fell six points to close above 2349. those are some of the day's major stories. now, back to gwen. >> ifill: next, what happens when the person behind the wheel is doing more than just driving. judy woodruff begins with some background. >> woodruff: on almost any street or highway, you can spot them. >> hey, what's up. >> woodruff: drivers talking, texting, doing almost anything except concentrating on the lanes in front of them. conservative estimates say at any given moment about a million people are behind the wheel of a moving vehicle talking on the phone. and of that number, about one in four also text. last year as national attention was drawn to nearly 5,000 related accidents, ray suarez got a sense of just how difficult it can be to multi-task while driving. you should be able to see far enough ahead just by looking over the dash, okay. >> s
." >> sreenivasan: earlier this month, christina romer stepped down as head of the president's council of economic advisers. on wall street today, the dow jones industrial average gained more than seven points to close at 10,761. the nasdaq fell six points to close above 2349. those are some of the day's major stories. now, back to gwen. >> ifill: next, what happens when the person behind the wheel is doing more than just driving. judy woodruff begins with some background....
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Sep 21, 2010
09/10
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. >> christina romer, the council of economic advisors chair now summers returning to harvard. what harvard told us is essentially summers had two years to maintain his tenured position at harvard and then he had to come back and so he will be there for next semester. >> shepard: i wonder if john boehner will take credit or blame. >> he did blast president obama's economic team and said they needed to be replaced base their policies is not working. obviously the white house is not going to say john boehner's idea this is why these people are leaving it does give president obama a chance to pivot to say we have three new members of the economic team. brand new ideas, frederick energy, we're going to try some new things in the years ahead, shep. >> shepard: mike emanuel. thanks. a warning from researchers who say alzheimer's and other forms of dementia posed greatest health crisis. alzheimer's disease international. the global cost of dementia will top $600 billion it reports. that's equivalent to about 1% of the world's gross domestic product. cost also skyrocket as the world's
. >> christina romer, the council of economic advisors chair now summers returning to harvard. what harvard told us is essentially summers had two years to maintain his tenured position at harvard and then he had to come back and so he will be there for next semester. >> shepard: i wonder if john boehner will take credit or blame. >> he did blast president obama's economic team and said they needed to be replaced base their policies is not working. obviously the white house is...
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Sep 11, 2010
09/10
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he replaces christina romer, who left the administration last week to return to teaching at the university of california, berkeley. stocks finished slightly higher on wall street today. the dow jones industrial average gained more than 47 points to close above 10,462. the nasdaq rose six points to close at 2,242. for the week, the dow gained nearly half a percent; the nasdaq rose more than two-tenths of a percent. those are some of the day's major stories. now, back to jim. >> lehrer: and picking up on what the president discussed today, jeffrey brown has our own 9/11 conversation. >> brown: nine years later, and very suddenly and very loudly, a new national conversation has grown around questions of tolerance, trust, and religious and cultural values. we get four voices on these matters. the reverend janet vincent is rector of st. columba's episcopal church in washington, d.c. nine years ago, she ministered to rescuers, workers, and families of those killed at the site of the world trade center. bishop harry jackson is pastor of hope christian church in beltsville, maryland. hibooks inclu
he replaces christina romer, who left the administration last week to return to teaching at the university of california, berkeley. stocks finished slightly higher on wall street today. the dow jones industrial average gained more than 47 points to close above 10,462. the nasdaq rose six points to close at 2,242. for the week, the dow gained nearly half a percent; the nasdaq rose more than two-tenths of a percent. those are some of the day's major stories. now, back to jim. >> lehrer: and...
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Sep 22, 2010
09/10
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christina romer. now larry summers have all gone. white house officials tell me summers' position will not be filled until after the election. but this is not the only change in the white house. very possible, maybe likely, rahm emanuel, the chief of staff, will run for mayor of chicago. there is likely to be changes in the communication and political team as the re-election approaches. i think you would expect a significant reorganization after the election. now, that is not all that uncommon. >> that again abc's george stephanopoulos. just last month the top house republican, john boehner, demanded the president fire his economic team. we'll get much more political insight this morning from the white house on "good morning america." >>> here's a look at your wednesday weather. hail and gusty winds in omaha, sioux falls and des moines. up to 6 inches of rain and flash flooding in the dakotas and minnesota. showers from indianapolis to new england. heavy rain in the four corners of the southwest. showers and thunderstorms in south te
christina romer. now larry summers have all gone. white house officials tell me summers' position will not be filled until after the election. but this is not the only change in the white house. very possible, maybe likely, rahm emanuel, the chief of staff, will run for mayor of chicago. there is likely to be changes in the communication and political team as the re-election approaches. i think you would expect a significant reorganization after the election. now, that is not all that uncommon....